Royal London Asset Management Ltd. Boosts Holdings in Saia, Inc. (NASDAQ:SAIA)

Royal London Asset Management Ltd. raised its holdings in Saia, Inc. (NASDAQ:SAIA) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,431 shares of the transportation company’s stock after buying an additional 1,141 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.49% of Saia worth $59,441,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SAIA. Artemis Investment Management LLP grew its holdings in Saia by 72.9% in the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock valued at $113,833,000 after buying an additional 105,356 shares during the period. Raymond James Financial Inc. purchased a new stake in Saia in the 4th quarter valued at about $46,514,000. Stephens Investment Management Group LLC purchased a new stake in Saia in the 4th quarter valued at about $45,767,000. Wasatch Advisors LP grew its holdings in shares of Saia by 10.2% during the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after purchasing an additional 64,351 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of Saia during the 3rd quarter worth about $22,979,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SAIA. JPMorgan Chase & Co. decreased their target price on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Barclays decreased their target price on Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Cowen reiterated a “hold” rating on shares of Saia in a report on Tuesday, February 4th. Bank of America decreased their target price on Saia from $565.00 to $484.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Susquehanna boosted their target price on Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $526.39.

Saia Stock Performance

Shares of SAIA opened at $352.28 on Friday. The business’s 50 day moving average is $443.98 and its two-hundred day moving average is $465.45. Saia, Inc. has a 52-week low of $342.68 and a 52-week high of $624.55. The firm has a market cap of $9.38 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 2.24 and a beta of 1.89. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same quarter last year, the firm posted $3.33 earnings per share. Saia’s revenue was up 5.0% compared to the same quarter last year. Analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Insider Activity

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the sale, the chief executive officer now directly owns 17,645 shares in the company, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of the sale, the executive vice president now owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is currently owned by insiders.

Saia Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.